The telecommunication sector is responsible for designing infrastructure capable of transferring the data in word, voice and audio to consumers irrespective of distance. The infrastructure that allows this kind of communication includes wireless and digital technology.
As everyday life appears to be increasingly dependent on the use of telecom products and services, the global market for telecommunication is slated to grow at a phenomenal rate over the coming years. Some prominent segments of telecommunication industry are long – distance carriers, wireless communication, domestic telecom services, communications equipment, processing systems and products, and foreign telecom services.
Various telecommunication products and services, increased popularity of the Internet of Things (IoT), and substantial technological advances are some of the major reasons for the growth of the global telecommunication markets. Smart devices such as smartphones, tablets, smart watches, smart meters, sensors, smart buildings, and smart monitoring devices are being increasingly deployed across the globe.
The growing popularity of IoT that has enabled machine-to-machine communication, connecting innumerable smart devices such as air conditioners, refrigerators, music systems, food processors, and the likes. All this has stoked the demand in the telecommunication market.
The current challenges in the industry
Despite the phenomenal growth in the Telecom sector, there remain a number of sticking points. The first one is the fact that telecom companies are still battling when it comes to giving customers high quality and bureaucracy-free roaming plans at a rate that is affordable.
It may be argued that there are few operators who offer their customers what appears to be awesome mobile plans but when it is scrutinized, one will see that it’s carried out on a contract basis. It means that clients are to be part of a minimum term contract with the particular organization between a year and two.
Aside the afore – mentioned concern, customers are expected to abide religiously, to the terms of such contract. Failure to do so could result I revoking the customer’s right to continue making use of the services as spelt out in the conditions.
Another challenge in the industry is the cost of telecom services especially for the end user. The cost has, over the years remain high, when compared to the general fall in the cost of mobile telephony and internet.
Miracle Tele: making a difference
To start with, Miracle Tele is the only blockchain telecom project that is in the market with an MVP, which is an active telecom ecosystem in place for use in about 163 countries. The idea of Miracle Tele is about being a pioneer in the telecommunication industry.
The brains behind the project understand the evolving needs of the telecom customers and isntherefore giving them enhanced privacy, no bureaucracy, drastically reduced rates, and value added services plus no cost in a single platform.
The Miracle Tele ecosystem is exciting because of:
Zero paperwork
Fair play
Innovation
Blockchain
Additionally, the project has a blockchain enabled grid that makes possible the tokenization of the assets of users, at the same time allowing customers to buy Ethereum coated tokens known as TELE and derive reward from it.
Value-added features include: cloud storage, prepaid debit cryptocurrency cards, multimedia distribution service, etc.
https://miracletele.com/
https://www.facebook.com/MiracleTele/
https://miracletele.com/files/lightpaper.pdf
https://bitcointalk.org/index.php?topic=3380042.0
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